About Canvaloop
Canvaloop is a company based in Surat (India) founded in 2020 by Dhruv Gupta.. Canvaloop has raised $2.01 million across 5 funding rounds from investors including Social Alpha, H&M Foundation and Aman Gupta. Canvaloop offers products and services including HempLoop, FlaxLoop, BanLoop, PineLoop, and Yarns. Canvaloop operates in a competitive market with competitors including Asia Pacific Rayon, Circular Systems, OceanSafe, Looptworks and ALT. Leather, among others.
- Headquarter Surat, India
- Founders Dhruv Gupta
- Stage Minicorn
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Sectors
RetailChemicals & Materials
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Email
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Phone
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Website
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Social
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- Legal Name Canvaloop Fibre Private Limited
- Date of Incorporation 23 Jan, 2020
- Jurisdiction Surat, Gujarat, India
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Annual Revenue
$382.06 K (USD)182.79as on Mar 31, 2022
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Net Profit
$16.53 K (USD)13736.31as on Mar 31, 2022
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EBITDA
$28.17 K (USD)375.01as on Mar 31, 2022
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Total Equity Funding
$2.01 M (USD)
in 5 rounds
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Latest Funding Round
$1.44 M (USD), Series A
Mar 17, 2026
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Investors
Social Alpha
& 9 more
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Employee Count
Employee Count
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Products & Services of Canvaloop
Canvaloop offers a comprehensive portfolio of products and services, including HempLoop, FlaxLoop, BanLoop, PineLoop, and Yarns. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fiber derived from hemp waste for eco-friendly textiles.
Fiber made from flax waste to support sustainable fabric production.
Fiber from banana waste for environmentally conscious yarns.
Fiber produced from pineapple waste for textile applications.
Yarns created from recycled agricultural waste for durable fabrics.
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Funding Insights of Canvaloop
Canvaloop has successfully raised a total of $2.01M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $1.44 million completed in March 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $1.4M
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First Round
First Round
(24 Nov 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2026 | Amount | Series A - Canvaloop | Valuation | Gujarat Venture Finance | |
| Sep, 2024 | Amount | Grant - Canvaloop | Valuation | Social Alpha | |
| Apr, 2024 | Amount | Angel Round - Canvaloop | Valuation | Aman Gupta , Radhika Gupta |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Canvaloop
Canvaloop has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Social Alpha, H&M Foundation and Aman Gupta. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sustainable startups are supported via innovation curation and venture funding.
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Founded Year | Domain | Location | |
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Theia Ventures is focused on investing in decarbonization technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Canvaloop
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Canvaloop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Canvaloop Comparisons
Competitors of Canvaloop
Canvaloop operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Asia Pacific Rayon, Circular Systems, OceanSafe, Looptworks and ALT. Leather, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Biodegradable viscose-rayon is developed from renewable wood cellulose.
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| domain | founded_year | HQ Location |
Developer of circular and regenerative textile technologies
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| domain | founded_year | HQ Location |
Technology for circular, biodegradable, and toxicant-free textiles is provided.
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| domain | founded_year | HQ Location |
Handcrafted products from recycled materials are sold online.
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| domain | founded_year | HQ Location |
Waste and regenerative plants are converted into sustainable textiles.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Canvaloop
Frequently Asked Questions about Canvaloop
When was Canvaloop founded?
Canvaloop was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Canvaloop located?
Canvaloop is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Is Canvaloop a funded company?
Canvaloop is a funded company, having raised a total of $2.01M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $239.69K, raised on Nov 24, 2021.
What is the annual revenue of Canvaloop?
Annual revenue of Canvaloop is $382.06K as on Mar 31, 2022.
What does Canvaloop do?
Online platform offering sustainable fabrics and materials from agricultural waste. The platform provides users with a sustainable fabrics manufacturer that uses agricultural waste to create fibers and yarns for the textile industry.
Who are the top competitors of Canvaloop?
Canvaloop's top competitors include Asia Pacific Rayon, oceansix and EnviroFlight.
What products or services does Canvaloop offer?
Canvaloop offers HempLoop, FlaxLoop, BanLoop, PineLoop, and Yarns.
Who are Canvaloop's investors?
Canvaloop has 10 investors. Key investors include Social Alpha, H&M Foundation, Aman Gupta, Radhika Gupta, and Anupam Mittal.
What is Canvaloop's valuation?
The valuation of Canvaloop is $2.98M as of Aug 2023.